Jefferies Raises Halliburton (HAL) Price Target to $48

Jefferies maintained its Buy rating on Halliburton Company (NYSE: HAL) on October 21, 2026, while raising its price target on the oilfield services provider from $47 to $48. The firm's research note highlights continued confidence in the energy company even as shares trade below the newly set target.

HAL Halliburton Company

$33.99 ▲ +16.40% year to date

1M 3M YTD

Daily close · Oct 21, 2026

Jefferies' Call on Halliburton Company

On October 21, 2026, Jefferies kept a Buy rating on Halliburton Company and nudged its price target up to $48 from $47. Other Wall Street firms also updated their views around the same time. On October 19, 2026, Piper Sandler maintained an Overweight rating while adjusting its target from $43 to $42. Barclays maintained an Overweight rating with a target of $51 on October 21, 2026, and RBC Capital kept an Outperform rating with a target of $46 on the same day. Earlier, on September 14, 2026, UBS maintained a Neutral rating with a target of $42. Overall, the stock carries a consensus buy recommendation from analysts with a mean price target of $43.25.

Other Institutional Activity in Halliburton Company

Other large investors adjusted their holdings in Halliburton recently. Carrhae Capital reduced its stake by 284,124 shares, ending with 442,069 shares worth about $14.1 million. Meanwhile, AQR Capital Management, LLC grew its holdings by 4,799,370 shares, ending with 11,869,743 shares worth about $387.4 million. Qube Research & Technologies Ltd added 5,563,698 shares for a total of 11,127,397 shares valued at about $363.2 million. Citigroup Inc. grew its stake by 1,083,616 shares to end with 10,498,175 shares worth about $342.7 million.

Halliburton Company Stock Up 1.0%

Shares of Halliburton Company recently traded around $33.32 as of October 22, 2026, down about 2.0% from their October 21, 2026 closing price of $33.99. The stock trades below its 50-day moving average of $34.13 and its 200-day moving average of $35.71. Over the past 52 weeks, the shares have traded as low as $24.92 and as high as $43.59.

Recent Earnings

Halliburton reported trailing-twelve-month revenue of $22.37 billion and earnings of $1.90 per share. The company has a net profit margin of 7.2% and a return on equity of 14.9%. Its next earnings report is scheduled for January 20, 2027.

Dividend

Halliburton Company rewards shareholders with an annual dividend rate of $0.68 per share, which translates to a dividend yield of 2.06%. The company pays out 35.8% of its earnings as dividends, balancing cash returns to investors with reinvestment in its completion, production, drilling, and evaluation operations.

Insider Buying and Selling at Halliburton Company

Company insiders executed several sales prior to the analyst update. Chief Operating Officer Jeffrey Shannon Slocum sold 16,121 shares on August 18, 2026, at an average price of $35.08 for a total value of $565,573, and later sold 52,572 shares on August 19, 2026, at $35.09 for $1,844,751. Chief Executive Officer Jeffrey Allen Miller sold 124,483 shares on August 18, 2026, at $35.00 for $4,356,905. Chief Financial Officer Eric Carre sold 24,777 shares on August 31, 2026, at $37.50 for $929,138.

About Halliburton Company

Headquartered in Houston, Texas, Halliburton Company provides oilfield products and services to energy companies around the globe. The company operates through two main segments focused on completion and production, as well as drilling and evaluation. Wall Street analysts watch its operational updates closely to gauge overall activity levels across global oil and gas markets.

Bottom Line

Jefferies continues to see upside for Halliburton with its $48 price target, even as the stock changes hands below its moving averages. Investors will look toward the company's next earnings release on January 20, 2027, for further updates on segment performance and cash flows.